Industrial gas firm Messer to benefit from shift in China policies
20 May 2011 18:53 [Source: ICIS news]
LONDON (ICIS)--?xml:namespace>China’s move to shift its economy towards sustained and balanced growth should benefit industrial gases firm Messer, the Germany-based company said on Friday.
Messer Group said China’s 12th five-year plan would make the country’s economy more competitive internationally while reducing its dependence on export markets.
Messer has built up large capacities in China and the reorientation in Beijing’s economic policies could have sustained positive effects and drive further expansions, the company said.
Last year, Messer opened its sixth air separation plant in China.
Overall, privately-owned Messer achieved 14% year-on-year sales growth in 2010, to €909m ($1.3bn), with the company’s business in China making a significant contribution, it said.
Based near Frankfurt, Messer employs about 5,300 people worldwide.
($1 = €0.70)
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